
Summary - The market is flashing a warning that most investors are ignoring. - A hidden structural risk could reshape returns for years. - I share how I'm applying Warren Buffett's principle of prudent capital allocation. - Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More Leading equity indexes like the S&P 500 (SPY) and the NASDAQ (QQQ) are currently priced as if all is well with the economy, with valuations sitting in significantly overvalued territory.